Macro Pulse

Between Relief and Reality


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The US-Iran MoU has delivered a genuine moment of geopolitical relief — oil lower, yields down, risk assets recovering. But relief is not the same as resolution. Beneath the headlines, the underlying data continue to tell a more complex story.

 

In our charts this week:

 

  • US growth outperformance widens; Europe and China disappoint
  • UK gilt yields, oil prices and the Bank of England's next move
  • Global semiconductor sales surge to record highs on AI demand
  • Oil retreats on the MoU; copper, uranium and critical minerals hold firm
  • Energy availability as a binding constraint on growth
  • Why this investment boom looks different from the late 1990s
  • ...more
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    Macro PulseBy Haver Analytics